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On Jan 1 2016, Acme2 sold a 5 year $100,000 zero coupon bond to Presto for $283,715 Yielding Presto 12% p.a. Journalize the Bond
On Jan 1 2016, Acme2 sold a 5 year $100,000 zero coupon bond to Presto for $283,715 Yielding Presto 12% p.a. Journalize the Bond Sale for Acme2. Jan 1 Bond Sale Journalize the year-end adjusting Dec Adjusting Entry 31 Dr. Dr. Cr. Cr. E14-2 On Jan 1 2016, Acmel sold a 10 year $500,000 zero coupon bond to Presto for $160,985, yielding Presto 12% p.a. Journalize the Bond Sale for Acmel. Jan 1 Bond Sale Journalize the year-end adjusting Dec Adjusting Entry 31 Dr. Dr. Cr. 2 Cr.
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
